How To Go From Retail To Institutional Trader

jinxu said:
I noticed you are 21. Get your education. Likely you would need a master's. Try to look it from an instutuion point of view. If you are not commited enough to get your degree why would they trust you to be committed working for them. Seriously, especially in europe where higher education is free for everyone!
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It's not free mate, believe me
 
Higher relevant college degree, apply for an analyst or trading assistant position ( those positions are much more frequently posted on career websites ); then, work your way up from there.

My 2 cents. Just an opinion.
 
Fundlord said:
Yes I understand that, but it is relevant in relation to my prime goal in life to run my own fund.
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Ask yourself this ... If you were a fund would you invest in you knowing your worth ethic, track record, risk control, etc. Until you can convince people with a verifiable track record o
Fundlord said:
My ultimate goal it to raise money and run my own fund and charge fees.

I dont expect a firm to ever pay me an 8 figure salary like Lloyd Blankfein
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Ask yourself this ... If you were a fund would you invest in you knowing your worth ethic, track record, risk control, etc. Until you can convince people with a verifiable track record over varied market conditions that you are top notch in all these areas the likelihood of raising large sums of money is small. Would you give your hard earned money to someone to invest if they weren't excellent at all those things and could prove it? I wouldn't. Work hard - there are no shortcuts.
 
Holy shit! Lots of posts here. One piece of advice: learn to code. It is cheap in terms of tuition, has high utility and mitigates a ton of risk inherent to financial careers. That's it. No bullshit. Learn to code.
 
I know you don't want to hear the truth and prefer to keep living the fantasy. But, regardless, i will speak truth

It is impossible to go from retail to institutional trader unless you hide the fact that you ever traded retail from your employer.

Institutions don't want retail traders and will avoid them like the plague. They want folks who they can train from the start or those with the experience they happen to be looking for at the time.

Being a retail trader will kill your chances at being hired.
 
marketsurfer said:
Being a retail trader will kill your chances at being hired.
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Most ET thought that institutions trade like what they did :

Looking at TA in their chart
Find something they though is good risk / reward ratio in their chart (dreaming they can find something from the bare chart)
Put in PT and SL
Pray for Win, blame he is not following his rule when he loss.
Repeat
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Reload their account after they loss 80%...

It is amusing to imagine of the ET traders to show off their "retail trading" experience in theit interview with a Goldman interviewer.
 
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Fundlord said:
I plan on continuing to trade my account but as I said but it seems like a pipe dream to go from 8000$ (my original sum) to 8/9figures (personal monetary goal) in this day and age without taking absurd risk with a high chance of blowing up and losing it all.
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isnt $8000, a 4 figure sum?
 
Jarrat Davis is the only retail trader that I know who has gone from retail to pro. Perhaps he is not trading a billion dollar HF, but he is trading professionally.
 
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